SOLUTION: A farmer buys a new tractor for $152,000.00 and assumes that it will have a trade in value of $84,000.00 after 10 years. The farmer uses a constant rate of depreciation to determin

Algebra ->  Linear-equations -> SOLUTION: A farmer buys a new tractor for $152,000.00 and assumes that it will have a trade in value of $84,000.00 after 10 years. The farmer uses a constant rate of depreciation to determin      Log On


   

Question 969342: A farmer buys a new tractor for $152,000.00 and assumes that it will have a trade in value of $84,000.00 after 10 years. The farmer uses a constant rate of depreciation to determine the annual value of the tractor.
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
(152,000-84,000)/10
68,000/10=6,800 PER YEAR ANS.